I just had a property turn over and followed this procedure for the showings:I advertise the property and handle all calls, emails, texts on it and set up viewing appointments (I group them all within 30-45 minutes on one day)The current tenants show the property to prospective rentersWhen someone applies, they email or fax in the application and pay the application fee via PayPal (although I am now trying out Cozy for applications) and I process the applicationIf the application passes, I prepare and email over the lease for signatureWhen the lease is signed and sent back to me, I send over a payment request for the first month's rent (via Dwolla or Cozy)At the check-in, I drive to the property to check them in myself and collect the security deposit in secured funds (or use Cozy to collect it beforehand)I have been doing the above for a long time and it has worked pretty well.

Hi everyone I have set a goal to purchase my first investment property in December of this year.

If you are noticing that many investors are buying much higher than what you get using the formula, you will have to adjust it. 

But once you get started, do not let set backs deter you from your goal.Good luck. 

Chase set it up with the Federal tax ID bus would not allow me to sign as president.

And make adjustments for unique features and amenities by adding and subtracting.

People that enjoy their jobs are about 1% of the population, the smart ones out of the other 99% understand it's real purpose.You need an attitude adjustment if you want to be wealthy.

A year later, we converted the property to a duplex (we needed a minor variance from the Committee of Adjustment, got refused, and I successfully appealed to the OMB).The reno to convert to a duplex legally was $50,000.

In addition the bank could take forever to get an acceptance and the interest rates might have changed by then affecting the price you can pay etc.It helps waiting sometimes if market value is rising and you have a set price but if the market is going flat and interest rates rise or market prices go down it can be a negative.No legal advice. 

I'm adjusting those late payments today.